John Healey in talks with Canada about UK joining new global defence bank - 开云体育下载

Exclusive: Britain is understood to have been formally invited to become founding member of multilateral lender

John Healey is in talks with the Canadian government about joining a new global defence bank intended to help allies rearm to counter mounting security threats, just weeks after Rachel Reeves rejected the move.

The chancellor is understood to be actively considering a bid to join the proposed Canada-led defence, security and resilience bank (DSRB), which proponents say could help the UK fund defence projects at lower cost, before planned talks with his Canadian counterpart this week.